CoinVoice has recently learned that, according to Coinpedia, U.S. Treasury Secretary Scott Bessent stated in a recent interview that stablecoins could bring $2 trillion in short-term demand for U.S. government bonds and treasury bills, far exceeding the current $300 billion.
Bessent reiterated that the Trump administration firmly supports cryptocurrency innovation, criticizing the previous administration's destructive regulatory stance. He pledged to encourage sustainable innovation through a balanced improved regulatory framework.
Stablecoins like Tether (USDT) are typically backed 1:1 by fiat currencies like the dollar and hold reserves in liquid assets, including government bonds. As these tokens gain wider adoption, their issuers are becoming significant buyers of U.S. debt instruments.
Meanwhile, the U.S. Senate is preparing a stablecoin regulatory bill, expected to provide legal clarity and promote institutional adoption. Market rumors suggest that Fidelity and JPMorgan may soon issue their own stablecoins. [Original link]
